Customers continue to drive innovation in the cloud Customers continue to drive innovation in the cloud
Tech booms, optimism about a Brexit deal, and other factors lifted many stocks.
SAP announced that Bill McDermott, its CEO for the last nine years, is stepping down immediately.
Investors cheer SAP SE's (SAP) third-quarter preliminary results and cloud business performance. The company also announces McDermott's exit as CEO.
Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs
SAP Co-CEOs Jennifer Morgan and Christian Klein join CNBC's Capital Connection to discuss the company's leadership transition, cloud business and the path ahead for the firm.
SAP co-CEOs Jennifer Morgan and Christian Klein point to the firm's strong third quarter numbers, which saw revenue up 13% on-year.
Bill McDermott was once a co-CEO of SAP, and so was his predecessor. The tradition continues as SAP looks to keep growing in cloud software.

SAP’s Bill McDermott on stepping down as CEO

10:51pm, Thursday, 10'th Oct 2019
SAP’s CEO Bill McDermott today announced that he wouldn’t seek to renew his contract for the next year and step down immediately after nine years at the helm of the German enterprise giant. Shortl

SAP CEO Bill McDermott steps down; shares rise

07:32pm, Thursday, 10'th Oct 2019
SAP SE SAP, -0.69% SAP, -1.09% announced late Thursday that Chief Executive Bill McDermott is stepping down effective immediately.

Bill McDermott steps down as SAP’s CEO

07:19pm, Thursday, 10'th Oct 2019
SAP today announced that Bill McDermott, its long-running CEO, is stepping down immediately. The company says he decided not to renew his contract.
SAP said on Thursday that Bill McDermott is stepping down as CEO. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs.
In an attempt to accelerate its digital transformation journey of enterprises, Infosys (INFY) collaborates with SAP to build a joint go-to-market engagement model.
Oppenheimer's Ari Wald on whether big tech will lead the rally. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
Despite revenue slightly missing consensus expectations, management maintained their mid-term guidance outlook.
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